The Birmingham age-herald. [volume], August 24, 1913, FINANCIAL SECTION, Page 41, Image 41

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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Stocks Rule at Moderately
Higher Figure — Under
tone Shows Strength
__ j
New York. August 23.—Stocks ruled
Rt moderately higher figures during
most of today’s half session. Trading
was on a small scale but the under
tone showed pronounced strength. The
supply of stocks was not large and it
did not require heavy buying to life'
figures all through the list. Heading.
• Union Pacific; and Steel moved forward
together, followed by an array of less
conspicuous stocks and advances were
well held until just before the close
when a quick reaction reduced gains.
Inqulrry apparently came largely
from the shorts* who were desirous of
closing out part of their contracts. The
movement was stimulated by optimistic
advices regarding tne Mexican situa
tion.
The holiday in London deprived the
market of a lead from that source.
Uanadian Pacific made a substanial
advance on a small volume of business
and evidence of the small supply of this-!
and other issues Influenced bear cover
ing. Some of the obscure issuos moved
more widely than the prominent stocks,
rising 2 points or more.
Chesapeake and Ohio touched 60.
making a gain of more than 3 points,
wince its dividend rate was reudeed
from fi to 4 per cent. The decline in
the list at. the close* was ascribed to
profit taking and to vague rumors of
a sudden change for the worse in the
Mexican situation.
Changes shown in the bank state
im • t were only nominal. The cash gain
was less than $500,000 and there was
4 un expansion In loans of about $9,000.
1/ 00.
Ponds were steady. Total sales, par
value. $145,000. United States is. de
clined and the Panama 3s coupon
•in call on the week.
Bonds
U. S. ref. 2.s, registered . 9S
1'. S. inf. 2h. coupon 98
l\ S. 3s. registered . 102
U. S. 3s, coupon . 102
1'. S. 4-s. registered . 110‘4
U. S, Is, •oupon . 110*4
Central of Georgia Gs . 103*4
Illinois Central 1st ref. 4«. 89%
Louisville At Nashville un. 4s ... . 93
Seaboard Air Line adj. Gs. 74%
Southern Railway 5s . 102% ;
Southern'Railway gen. to. 75% !
New Y/»rk Money
New York, August 23.—Call money j
luminal: no loans; time loans weaker; 60
days, 9@3% r»or cent; 90 days, 4%; six .
months,
Pilme ’.non untile paper, 5%(T/GV* per
cent; sterling exchange easy, $4.83 for 60* j
clay bint, and $4.86.30 for demand; com- !
niercinl bills, $4.82%. Bar silver, C9%c. j
Mexican dollars, 46c. Government and j
iu.*road bonds steaoy.
Treasury Statement
Washington, August 23.—The condition
of the United States treasury at the be- 1
ginning of business today was: Net bal
ance in general fund, $128,563,278; total re
ceipts yesterday, $2,218,618; total payments
yesterday, $2,961,089. The deficit this fiscal
year Is 813,884.601, against a deficit of $6,
181,473 lust year. exclusive of Panama
canal and public debt transactions.
Coffee Market
New York, August 23.—Higher French
cables and steady cost and freight situa
tions created u better speculation In cof
lee today atid after opening quiet, un
changed to 2 points higher, prices closed
2 to 9 points elevated. Sales for the day
were only 16,750. August. 8.85c; Septem
ber. 8.90c; October, 8.98c; December, 9.16c; |
January. 9.25c; March, 9.43o; May, 9.55c;
July, 9.63c.
Spot steady. Rio 7s. 9*4; Santos 4s, 12<8>
12%e; mild, dull; Cordova. 18015c nominal;
Havre, %f higher; Hamburg, unchanged
to *i pfg. off; Rio, unchanged; Santos 50
rels higher; 4s, Gftx4.55! 5bx5, 675; 'Brazilian
receipts, 73,000. against 44,000 last year.
Jundiahy, 70,000, against 42,000.
Metal Market
New York. August 23.—Metals^ quiet.
Practically unchanged. Lake copper. $16.
Electrolytic, $15.87%<ff16. Casting, $15.62%<0>
15.75. Iron, unchanged.
Bank Statement
New York, August 23.—The statement of
the actual condition of clearing house
banks and trust companies for the week
shows that they hold $22,173,150 reserve
in excess of legal requirements. This
is a decrease of $2,525,050 from last week.
The statement follows:
Actual Condition— Loans, $1,934,263,000;
increase, $8,956,000. Specie, $349,376,000; in
crease. $1,904,000. Legal tenders, $80,006,000;
decrease, $1,419,000. Net deposits, $1,792.
78-,000; increase, $10,713,000. Circulation,
$45,336,000: decrease. $747,000. Hanks* cash
reserve in vault, $367,447,000. Trust com
panies’ cash reserve in vault, $61.935,000.
Aggregate cash reserve, $429,382,000. Ex
cess lawful reserve, $22,173,150; decrease,
$2,525,060. Trust companies’ reserve with
clearing house members carrying 23 per
cent cash reserve, $71,262,000.
Summary of state, banks and trust com
panies in greater New York not included
in clearing house statements: Loan. $539,
683,300; decrease. $3,788,400. Specie. $62,661,
100; decrease, $558,200. I^egal tenders, $7.
753.500: decrease, $132,200. Total deposits,
$1*13,459,100; decrease, $2,352,500.
The New York Financier tomorrow will
say:
A feature of the statement in the New
York Clearing House's statement was an
expansion of loans which, accompanied
by an increase in deposits, $10,713,000, sub
stantially increased reserve requirements.
As this weeks gain in cash by the
New York banks was purely nominal,
reaching only $4>S5,000, the result of these
operations was to reduce the excess re
serve by $2,525,050.
This brings the cash reserve held by
the New York banks at the present time
to $22,173,160.
The showing gives evidence of con
tinued strength in the banking situation
at this point.
Live Stock Market *
Chicago, August 23.—Hogs: Receipts,
10,000; best higher, others lower.
Bulk, $7.9008.50; light, $8.4509.25;
iinxed, 7.6009.20; heavy, $7.5008.90;
rough, $7.5007.80; pigs, $4.5008.60,
Cattle: Receipts, 300; slow. Beeves,
$7.0009.15: Texas steers, $6.7507.70;
stockers, $5,500)7.90; cows and heifers,
$3.6508.40; calves, $8.00011.50.
Sheep: Receipts. 2000; sheep steady,
lambs lower. Native, $3.75 04.75; year
lings, $5.2506.15; native lambs, $5,750
6.80.
Kansas City, August 23.—Hogs: Re
ceipts, 10,000; 5c lower. Bulk, $8,600
8.80; heavy. $8.5008.76; ,packers and
butchers, $8.6008.80; light, $8.6008.80;
pigs, $5.50 07.00.
Cattle: Receipts, 300, including 100
southerns; inarkft steady. Prime fed
•teers, $8.5009.00; dressed beef steers.
$7.5008.50: southern steers, $5.2506.50;
cows, $3.5006.50; heifers, $4.7508.75.
Sheep: Receipts, none; market steady,
Hubbard Bros. & Co.
Cotton Merchant*, Hanover Sqnnre, If.
V. Members New York Cotton Ex
change, New Orleans Colton Exchange,
New York Produce Exchange. Asso
ciate Members Liverpool Cotton Asso
ciation. Orders solicited for the pur
chase and sale of Cotton and Cotton
Bead OH for future delivery. Special
ettentlon and liberal terms given for
consignments of spot cotton lor de
livery. Correspondence Invited.
•
_THE CLOSING STOCK LIST_
__ oairn, niftii. Liun, v lust1
Amah Cop.2400“ l¥% 73', 7"I%
Amer. C!. R. 33>.4
Amer. Agricul. 44%
Amer. B. S. 25%
Amer. Can .1100 33% 38% 33%
do pfd. 100 94 94 93%
Amer. C. & F. 45%
Amer. Cot. Oil ..1100 45% 44 45
Amer. 3. 9. , . .. 21 %
Amer. Linseed. '914
Amer. Loco. 1400 34 33 % 33%
Amer. Smelt. &
Refining . 600 67% 87% 67
do pfd. ...100
Amer. S. R. .109
Amer. T. & T.., . .... lao
Amer. Tob. j . . . 230
Ana. Min. Co. 38%
Atchison.1900 96% 96% 95%
do pfd . 100 96% 96% 96
Atlantic C, L.121%
Bait. & Ohio. 96 %
Bethle. Steel. 34
Brook. R. T. 300 89% 88% 88%
Can. Pacific .... 4500 221% 220% 220
Cent. Leather. 23%
Ches. * Ohio...,1700 60 59% 59%
Chi. O. W. ...... 13
Chi., Mil. &
St. Paul . 300 107% 106 106
Chi. & N. W..
Col. P. & T. 3144
Consol, (las . 300 130% 130% 130%’
Corn Prod.100 11% 11% 11%
Del. & Hud. 159%
°*n- * *• «. 20
_ d0 Pfd. 100 36% 35% 35
Distil. Secur. ... 100 13% 13% 1344
Erle . 300 28% 2**4 28%
do 1st pfd - 100 46% 46% 46%
do 2d pfd. 27
Gen. Rlect. 100 145% 145% 144%
Gt. Nor., pfd .... 200 126% 126% 128%
Gt. Nor. O. otfs. . 100 35% 35% 34%
Illinois Central,. 200 108 107% 107%
Interb. Met.1300 16% 16% 18%
, do pfd .2700 82% 61%%81%
Inter. Har.v.106%
Inter-Marine
Pfd. 16%
Inter. Paper. 9^
Inter. Pump .. 71/
K. (\ Sou. 4?
--———__—ill?...
sales, nign. i^ow. Liose.
l.acTede Gas. 91
Lehigh Val.2200 154% 153% 154
Louis. & Nash. . .. 100 135% 136% 134%
Minn., St. P. ft
Sault St. M.133
Mo, K. & T. 200 22% 22% 22%
Mo. Pacific ...... ... 30%
Natl Biscuit .... 200 12S 127% 128
Nat’l'Lead. 48
Nat. Rys. of M.
2d pfd . . 13 %
N. Y. Cent. 200 98% ' 98% 98
N. Y.. O. ft W. 29%
Nor. ft West. ... 100 106% 106% 106
Nor. Amer. 72
Nor. Pacific.111%
Pacific Mall ..• .... 21%
Penn. 400 11 3 113 112%
PeopleB Gas ..113%
Pitts., C„ C. ft
St. Louis'. 90
Pitts. Coal.•- 19%
Presaed S. C. 24
Pull. Pal. Car.163
Reading . 13300 16174 161% 161%
Rep. I. ft &.. 23%
do pfd .. 88
Rock I. Co. 27%
St. L. ft San F.
2d pfd. 10
Seaboard A. L. 18%
do pfd. 45
51oss-Sheff. S.
& Iron. 29%
Sou. Pacific .6900 90% »0% 90%
Sou. Railway ... 600 24% 24% 24%
do pfd. 79%
Tenn. Cop. 400 31 31 31
Tex. * Pacific .. . 100 16% 16% 16
Union Pacific ...6300 153% 153% 163%
do pfd ... .... S3 %
U. S. Realty. 67
U. S. Rubber_ 500 61 60% 61
U. S. Steel .18700 63% 63 63%
do pfd.108
Utah Cop.1200 50% 50% 50%
V. -C. Chem.1600 28% 26 27%
Wabash. 4 %
do pfd. 12%
West. Md. *. 40
West. Union .. 87
West'll. Elec. .. 71%
W. ft L K. 5%
BHi.es ror tno ciay. si.boo shares.
__LOCAL SECURITIES_
, , a80 1C, 0IU. AHKflU.
A!a. F. * L . 4 flU 6r,
Amer. c. Ryg., pfd . . . . 6 61 66
Amor. C. Ry». So 8 7
Amer. T. St S. Bank. .. 8 170 ISO
Avondale Mills, com... 8 110 m
Avondale Mills, pfd.. 8 100 105
Beaseiner C. & X. 4 45 55
Bhani Baseball Asso.. 140 17!
H'ham Realty Co. 4 168 175
B lium T. * S.8 2du 208
Cham, of Com., pfd ..7 74 So
Com. Bank & T. Co.. 90 97
Corey Band . ,’y 75
East Jatke Land . , 55 65
Elmwood Com. Co. 4 87 95
Empire Imp., pfd.8 104 110
Ensley Land . 112 125
First National Bank ..12 258 2G.8
Ureat Sou. Life . 10 13
Interstate Casualty .. 4 8
Interstate Fire. 4 7
Jeff. Co. S. Bank.10 158 162
Jefferson Fertilizer .. 8 120 1.15
L., J. & I... com. 45 GO
L. , J. & L, pfd.7 95 98
M. &. M. Bank. 125 130
North B’hain Land .... 15 22
Protective Life .10 13
Prov. Oil & Gas 1 4
Realty Tr. Co., com.... 9- 110 126
Realty Tr. Co., pfd. ... 8 100 110
Son. States Fire . 3 6 1
HON IIS
Kate, Bid. Asked.
Traders Nat. Bank_ 9 155 170
Ala. State ref., 1920... 4 95 100
Ala State Kenew., 1950 SK 8! 92
Ala. State Renew., 1956 4 1 )0 102
Ala. State Fair . 6 75 85
Amor. C. Rys. 5 89 91
Bessemer C. & 1. 6 100 308
B. R., L. & P. 6 97 98
B. R., B. & F.4t4 88 90
B’ham Ice Factory .. 6 100 106
B’ham R. & E.6 100 102
B’ham Waterworks ... 5 87 90
B’ham Waterworks.... 6 108 112
City of Birmingham .. 5 100 104
City of Birmingham .. 6 106 108 ■
Continental Gin .6 102 106
Country Club . 6 95 100
Jefferson County .... 6 108 108
Jefferson County .... 6 105 110
Jefferson County _4 V4 100 102
Milner Band Co. 6 96 101
Nashville Railway .... 5 100 102
Pratt Consolidated ... 5 88 88
SIoss I. & S.6 102 105
Sloss I. & 6.4ft 92 95
T. e. I., ge. mtg.5 100 102
T. C. I., Tenn. Dlv.6 101 103
T. C. 1., Ship Bldg. ... 6 102 104
T. C. I.. B'ham Div. ... 6 100 102
'. C. T. Cahaha Dir.. 6 103 107
l.nmbs. $«.25®7.80; yearlings, $4.75#
5.75; wethers, $4.25# 5.25; ewes, $3.50®
4.75.
St. Louis. August 23.—Cattle: Re
ceipts, 3000, including 1500 southern;
steady. Choice prime steers, $5.00#9.00:
good to choice steers, $7.7538.00;
dressed beef and butcher steers, $5.50
#7.25; sotckers, $5.25@7.50; Texas
steers, $6.0036.65: TexnB cows and
heifers, $4.2536.50.
Hogs; Receipts, 5200; steady. Pigs
and lights, $5.60@9.20; mixed and
butchers, $8.85®9.20; good heavy, $8.60
#9.10.
Sheep: Receipts, 2100: steady. Mut
tons. $3.26# 4.00: yearlings, $5.00@6.00;
lambs. $6.5037.80.
Louisville, August 23.—Cattle: Re
ceipts, 260. Range, $2.00®8.00; firm and
active.
Hogs: Receipts, 800; 5®10s higher.
Range, $4.60® 9.05.
Sheep: Receipts, 400. Lambs, 6160
down; sheep 3Hie down.
New Orleans Weekly Cotton Review
New Orleans, August 23.—The net re
sults of the week’s trading In cotton were
an advance of 45 to 52 points. The high
prices were made on Saturday and the
low prices on Monday. At the highest
the trading months were 50 to 57 points
over last week's close; at the lowest they
were 13 to 17 points undei*. The range
was 67 to 71 points.
_i._... . .
-nnuviivj UI UK 1110.1
Uet was cauied by continued dry weather
in Texas and Oklahoma. Toward the end
of the week sensational reports of de
terioration through heat and drouth came
in and they more than offset the In
fluence of the scattered showers that
fell in the two states. The situation
in the west was complicated by the fact
that while a general, soaking rain was
needed, such a rain would work great
injury to the many thousands of acres
of open cotton in Texas. Shorts covered
throughout ~the week and considerable
buying for long account made its ap
pearance. which led to the claim by the
bear side that the market was becoming
overbought.
Little interest was displayed in anything
but the weather. Bulls continued to make
claims of a record breaking consumption
and the weekly statistics indicated con
tinued large mill takings, the visible sup
ply showing a decrease of 70.670 bales
against a decrease this week last year of
28,177 bales and an Increase this week two
years ago of 49,040.
In the spot department prices closed
unchanged. middling 12 l-16c, against
U l-16c last week and 11 ll-16c this week
last year. Sales on the spot amounted
to 542 bales, against 995 last week and
348 this week last year. Sales to arrive
to arrive amounted to 254 bales against
last, week and none this week last year.
French Exchange
Paris, August 23.—Three per cent rentes,
66c for the account. Exchange on
London, 25f 24He for checks; private rate
of discount, 344 per cent.
German Exchange
Berlin, August 23-Exchange on London,
20m 4op for checks. Monev 4 per eepp
private rate of discount, 5 per cent.
London Stock Market
London, August 2G.-Bar silver steady.
27 7-16d per ounce. Money, 2 p6r cent
Discount rates, short bills, 31* per cent'
Three months, \©13-16 per cent.
New Orleans Rice Market
New Orleans, August 23,-Rougli Hon
duras active; Japan nominal; clean Hon
duras good demand; Japan steady. Quote
Rough Honduras, 2.5003.75c; clean Hon
duras, 4410644; Japan, 2440344. Receipts'
Rough, 10,009; millers, 2015; clean, 20«o!
Sales; Rough Honduras, 8684 at 2.5008.75c
clean Honduras, 6550 at 1 v«<So*4«■■ Japan’
482 at 274®3!4c. . ’
Naval Stores
Savannah, August 23.—Turpentine firm,
394*0 40c; sales, 416; receipts. 391; ship
ments. 17: stock, 33,941. Ro*>ln firm; sales
2793; receipts, 2751; shipments, 4768: stocks
171.4819. Quote: A, B, $3.73; C. D, 33 80
E. K, G, 13.85: H, $3.90; I, $4; K, $4 10
M, $4.40; N, $5.10; WO, $6; WW, $6.25.
Cotton Seed Oil
New York, August 23.—The cotton seed
oil market was steady on covering owing
to firmness In the cotton market and on
smaller offerings of crude oil, closing
net unchanged to 15 points higher. Prime
crude nominal; prime summer yellow, spot
and August, 8.25c; September, 8.30c; Oc
tober, 7.72c; November, 6.80c; December.
6.77c: January,; 6.76c; February, 6.79c
March, 6.84c; prime winter yellow, 9.50®
He; prime summer white, tc.
PRICE OF COTTON
TAKES ONSTIFF RISE
August Goes Over 12c
Mark With New Crop
Months Near 11c
New Orleans, August 23_The price
of cotton took on a stiff rise on the
week-end session of the market, going
to new high levels for the week and
the present upward swing. August
went over the 12-cent mark and the
new' crop months climbed up around
11 cents. The reason for the advance
was tlie continued hot and dry weather
in Texas and Oklahoma and the reports
of crops deterioration that accompanied
It. '
On the opening the tone was steady
and prices were 8 to 10 points up In
the face of poor cables. The weather
map noted a few scattered lalns In
Texas but they were not taken into
consldratlon shorts covered freely
around the call and widened the ad
vance to 11 to 12 points. At this level
longs were heavy sellers to realize
profits and the market fell off about
5 points. These setbacks happened
several times during the morning, but
did not destroy the good lone.
The market was flooded with tele
grams from the west around the mid
dle of the morning and the gist of the
Information they contained was that
the damage already sustained by the
crops of the west could not be re
paired, no matter what kind of weather
should be experienced from now on
Experts advanced the opinion that bolls
put on after this would not mature
oefore the time for the frost. Till**
started long buying on a large scale
and the market went 20 to 32 points
over yesterday's last quotations. The
close was steady at a net rise of l".
to 16 points. u
New Orleans Cotton Futures
___Open, High. Low. CLBd"
£u*u8t . 1204 12.17 f2.05 iTVs
September ... 11.68 11.70 11.70 li'«»
?1ctobe>;. 11-5* 1L6S 11.64 11.63
December .... 11.58 11.70 1 1.54 11 64
January . U BS 11-71 11.56 1L66
"Jarch . 11-68 11.81 11.68 11 76
May . H-78 11,91 11.87 11.86
New Orleans. August 23.—Spot cot
ton unchanged firm. Middling. 12 1-16e.
Sales spot. 83 bales: none to arrive
Low ordinary. 8 ll-l6c: ordinary, 9HC'
nominal: good ordinary, nijc strict
good ordinary. 11 Afec: low middling
HOsc: strict low middling, 11 "jo; mid
dling, 12 l-16c; strict middling i^ac..
good middling. 12 9-16c; strict good
middling, 12%c; middling fair, 13 8-l6c
nominal: middling fair to fair 18 9-16c
nominal; fair, 13 15-16e, nominal. Re
ceipts, 294. Stock. 17,644.
Hen as Tree Protector
Liberal, Kan., August 23.-(8peclal.
Warren farmer and T. W. Hubbard claim
to have found a way of protecting orchard
trees from worms. Their theory Is that
the worms work up close to the ground
and all that Is necessary Is to fence the
orchard and turn a lot of hen* loose In ;t.
They will save the trees and also provide
a good Income as well. Both claim io
have proved the benefits of the theory.
Another theory is that the hen is a sort
of farmer und keeps the ground from be
coming packed by the ceaseless scratch
ing; a sort of summer fallowing machine
that results In keeping the surface of the
soli stirred up and preserves the moisture
beneath.
The plan costs nothing to try. Is not pat
ented. and in the cases mentioned has at
least brought results.
MONEY IN WHEAT
110.00 Buys Put* or Calls on 10.000
bu*hel* of wheat. N-> Farther Risk. A
movement of 6c from price give* you
chance to take $600.00; 4c 0400.00; le
8800.00, etc. Write for particular*.
THIS CENTRAL STOCK * GRAIN CO.
Fark Bill, Clevelaeg, O.
DOWN NEARLY 2 CIS.
Liquidation in Final Trading
Feature of Market en
Masse
Chicago, August 23.—The liquidation
t that in the final trading that carried
September corn down nearly 2 cents was
the feature of the grain market today
en masse.
Corn at the close was net lower.
Wheat finished at a net decline of bb&MW
Vic, oats were down ^^Vsc and pro
visions unchanged to 17^c lower. Im
provement in the fields since recent rains
war. the chief bear influence ’n
| the corn pit and this was
j increased in effectiveness by estimates of
| a large increase In receipts of cash corn
j here next week, leading longs began
I to unload early and as the session ad
| vanced the volume of the September op
! tlon dumped on the pit became augmented.
There was more than the usual free week
end selling of the other options and they
I declined also, but not to the extent of the
near month. Cash corn In the sample
market was off lVi@2c. Easier cables
helped the bears also.
Wheat dropped with, corn in spite of
reported sales for export of about 150,000
bushels. Improved milling call failed to
help prices. Nor could tfie bulls ch%ek
the trend downward even under a large
falling off in primary receipts. The bears
were helped by clear weather In the spring
and winter beltft, favorable for harvest
ing, threshing and marketing in the for
mer. and for plowing and seeding In the
latter.
Trading In wheat was comparatively
small. Primary receipts were 075,000 bush
els against 1,217.000 last year. Seaboard
clearances of wheat and flour equaled 956,
000 bushels.
Free selling of oats on expected larger
! runs from the country next week carried
price# down.
Provisions were narrow. The best busi
ness was In ribs a local packer putting
a large line out.
Future quotations were as follows:
Wheat— Open. High” Low. Close.
Sept. 87 87 % 86% 86%
Dec. 9014 90% 90% 90%
May . 95% 9584 95 95%
Corn—
Sept. 73% 71 72% 72%
Dec. 68% 68% 67% 688s
May. 69% 70 69% 69%
Oats—
Sept. II % 41 % 41% 41%
Dec. 44% 4 1% 4 4 84 4 4 %
May . 45 84 475 46% 47%
Pork—
Sept.21.00 21.00 20.95 20.95
Jan. 19.46 19.45 19.30 19.35
Lard—
Sept.11.20 11.25 11.20 1 1.20
Oct. 11.30 11.32 % 11.2 7 84 11.27%
Jan.10.85 1 0.8 7 84 1 0.8 2 84 1 0.82%
Ribs—
Sept.11.4 7 84 11.47 % 11.42% 11.42%
Oct. 11.2 7 84 H.30 11.22% 11.22%
Jan.10,27% 10,27% 10.22% 10.23 84
St. Louis Grain
St. Louis, August 23— Flour, quiet. Hay,
steady. Receipts: Flour, 13,000; wheat, 112,
000; corn, 68,000; oats. 95,000. Shipments:
Flour, 11,1X10; wheat, 102,000; corn, 16,000;
oata, 25,000.
Liverpool Grain
Liverpool. August 23.—Spot wheat,
steady; No. 1 Manitoba, 7s 9d; No. 2. 7s
5%d; No. 3, 7s 3%il. Futures, steady. Sep
tember-October, 7a 2%d; December. 7s 28*d;
March. 7s 28id. Spot corn, strong; Amer
ican mixed new, kiln dried, fls 6d; Amer
ican mixed old, via GalveBton, tis 7d. Fu
tures, steady; September, I.aPlata, 4s
ll%d; October, LaPlata, 5s l%d.
St. Louis Produce
St. I.ouls, August 23.—Cash wheat: No.
2 red, 8984®90o; No. 2 hard, 8684®90c; No.
2. hard, 8684390c, Cash corn: No. 2, 75®
7j%c; No. 2 white. 7684®'77c. Cash oats: No.
2. 4384c; No. 2 white, 43c; rye, 70c. Wheat
futures: Steptember closed 87%©o; May,
96c. Corn futures: September, 73%c; May.'
17184c. Oats futures: September, 41%c; May
4784c.
Kansas City Grain
Kansas City, August 23.—Cash wheat:
No. 2 hard, 8184®86c; No. 2 red. 86840
8784c. Cash corn: No. 2 mixed,^748afq75c;
No. 2 white, 76®7684c. Casii oats: No. 2
white, 428«c; No. 2 mixed, 42c. Wheat fu
tures: September closed 8184c; December,
185%o. Corn futures; September, 74c; De
cember, 6984® 69%c.
WUUTAT1UINS
Pig Iron
JF ..
"F . 11.00
3F . 10.50
Gray Forge . 10 oo
1* . 11.60
. 11.00
Local Cotton
Strict good'mlddling . 114^
Good middling . uu
Strict middling . Hi.
Mlddling . 107a
Strict low middling . 10|t
Meat
Lard, 134c; compound, 114c; dry salt
short l-lbs, 13.95; bellies, 14.95; ham
butts, 16.60c; Boston butts, 16c; pork loins,
174c; spare ribs, 13c; breakfast bacon,
27®2Sc; smoked bacon, 17c; regular bam,
194c; skinned ham, 204c.
Creamery Products
Country butter, 20@26c; fresh creamery
butter, 33c; cheese^ 17c; Imported Swiss
cheese, 31c: German brick cheese, 20c;
Umburger cheese, 19c; Imported Roquefort,’
S6c; Neufchatel cheese, per dozen, 45c’,
Pimento cheese, $1.35; process butter, 30c!
Fruits and Produce
Apples, Maiden Blush, box, $5.7);
California oranges, $6.00 box; limes. $1 per
100; Irish potatoes, $1.10 per bushel; sweet
potatoes, Dooley. $2.75; onions, red globe,
24c per pound; lettuce, $1.50®2.50 per crate
cucumbers, per crate, $1.75; cabbage, Vir
ginia, 24c lb; nex Texas onions, crate,
$1.50; beans. per hamper, $1,2601.50;
peaches, $2.5003 crate; squash, per ham!
per, $1@1.25; cantaloupes, $1.2503.00; water
melons. 15025c;; peppers, per crate, $1.60®
2; lemons, box of 360. $5.5006; okra. $2<h2.fO
hamper. Pears, per box, $3: Keefer pear ,
per bbl., $2.76. Plums, $2. Malaga grapes!
$2. Celery, per dozen, 90c.
Fish and Sea Foods
Red snapper, 9®10c, In bbl. lots; gray
snappers or groupers, 6c; Spanish mack
erel 124016c In bbl lots; pompano, 20c;
mixed fish, 8c In bbl. lots: crockers, 640
In bbl. lots; mullet. 64c In bbl*.; small
trout, 84c; fresh water cat, dressed, 124c;
salt water cat, S4c; speckled trout, 124c!
Poultry and Egg*
Hens, per pound. 13014c: fryers. 14®
14 lbs. average, 20021c; ducks. 13c lb.;
guineas. 30c; roosters, 30c; geese. 40060c,
live turkeys. 15c; fresh eggs, ruse, candled!
22c; extra graded candled eggs, 26c.
Coffee and Sugar
Arbuckle coffee. 21.80c; Luz&nne. 23c per
turkeys, 15c; fresh eggs, case, candled. 21c;
per pound.
Flour and Breadstuffs
Self rising flour. $5.60; Tennessee flour,
$5; Oklahoma flout, $5; pure wheat
shorts. $34; pure wheat bran. $30; C. fv
hulls per ton, $16; prime f\ 8 meal, per
ton, $35; C. S. feed meal, per ton, $30;
No. 1 timothy hay. per ton. $23; mixed
COTTON MARKET
RECOVERS LOSSES
October Contracts Make
New High Ground for
Movement
I New York, August 23.-The cotton mar
ket more than recovered yesterday’s loss j
during today's trading with October con
tracts, making new high ground for the
movement on less favorable weather news
from the southwest and bullish crop ac
counts. Business was very active for a
half session at this time of the year
and in addition to renewed offerings there
was hull support as well as Indications
of rather a better trade demand. Closing
prices were very steady and within a
point or two of the best at a net gain
of from 20 to 23 points for the day.
Early weather advices including private
reports indicating good rains at a few
points in Texas and Oklahoma, but there
was nothing on the official map to sug
gest anything like good general rains in
the drouthy sections, while the forecast
was for clear weather in the western belt
today and tomorrow. Liverpool reported
a quiet week end market, but was prob
ably influenced to some extent by the
disappointing weather advices, as prices
there were a shade better than due, and
the local price was 10 to 18 points higher.
Realising by earlier week buyers caused
some little irregularity right after the
call, but the general tendency of prices
was higher and active months sold 21 to
24 points above the closing tlgures of last
night In the late trading.
A report from a traveling expert claim
ing that Texas no longer had a chance
of a big crop, and that the possibility
of a fair crop was diminishing with each!
day of continued dry weather doubtless
helped the advance, while there was also:
a bullish weekly review from Memphis
reporting deterioration in all states ex-!
cept the Carolinas. Weekly reports from
the dry goods trade continued to indi
cate a good demand with comparatively
small available supplies.
New York Cotton Futures
Open. High. Low. Cl.Bd.
August." ...... 11.83 11796 lTVs hTM
.September. 11.77 11.77 11.77
October . 11.55 11.71 11.55 1 1.70
November .. 11.02
December .... 11.52 11.65 11.52 11.C4
January . 11.50 11.65 11.43 11.64
February _ 11.42 11.45 11.42 11.56
March . 11.58 11.63 11.62 11.62,
May . 11.60 11.64 11.64 11.65
Port Cotton Movement
Galveston: Firm; middling, 12 1 -16c; net
receipts, 17,209: gross receipts. 17,200; sales,
703; stock, 56,107; coastwise, 4961.
New Orleans: Quiet; middling, 12 l-16c;
net receipts, 294; gross receipts, 299; sales,
83; stock, 17,554; continent, 406.
Mobile: Steady; middling, 1144c; net re
ceipts, 27; gross receipts, 27; stock, 2187.
Savannah: Steady; middling. 1146c; net
receipts, 1211; gross receipts, 1211;, sales,y
2234; stock, 17,044; coastwise, 156.
Charleston: Nominal; net receipts, 63;
gross receipts, 63; stock, 1354; coastwise,
475.
Wilmington: Nominal; net receipts, 200;
gross receipts, 200; stock, 4772; coastwise,
1250.
Norfolk: Firm; middling, lt%c; net re
ceipts, 219; gross receipts, 219; sales. 110;
stock, 7380; Great Britain, 116; coastwise,
364.
Baltimore: Nominal; middling, 12c;
stock, 2084.
New York: Steady; middling, 12.30c;
gross receipts, 2719; sales, 80; stock, 26,
7)56; continent, 34; coastwise. 1662.
Boston: Steady; middling. 12.30c; net;
receipts, 46; gross receipts, 46; stock. 4669.
Philadelphia: Steady; middling, 12.55c;
grcss receipts, 100; stock, 1606.
Texas City: Stock, 559.
Brunswick: Stock, 5427.
Jacksonville: Stock, 380.
Aransas Pass: Stock. 9631.
Total today, at all ports; Net, 19,269;
Great Britain, 116; continent, 465; stock,
13,490.
Consolidated, at all ports; Net, 19,269;
Great Britain, 116; continent, 466.
Total since September 1, at all ports:
Net, 9,922,407; Great Britain. 8,511,448;
France, 965,369; continent, 3,534,132; Japan.
38,431; Mexico, 17,142.
Interior Cotton Movement
Houston: Steady; middling, I2 1-16e; net
receipts, 17.278; gross receipts, 17,278; ship
ments, 16,672; sales, 3003: stock, 32,678.
i Augusta: Steady; middling, llftc; net
receipts, 89; gross receipts, 89; shipments,
217; sales. 228; stoc k, 6033.
| Memphis: Steady; middling. 12c; nit re
i i elpts, 6; gross receipts. 164; shipments,
22s; sales, 2D; stock, 11,966.
St. Louis; Quiet; middling, 12c; net re
ceipts, 90; gross receipts. 242; shipments,
378: stock, 6566.
Cincinnati: .Vet receipts, 613; gross re
ceipts, 613; shipments, 4D; sales,2800; stock,
28,528.
LI (tie Hock: Quiet; middling, 11? jo; net
receipts, 4; gross receipts, 4; shipments,
191; stock, 5891.
Greenville: Steady; middling, II.76c.
Total today: Net receipts, 180.718; gross
receipts. 18,49o; shipments. 17.628' sales,
3746; stock, 87,562.
Liverpool Cotton Market
Liverpool, August 23.—Spot cotton, busi
ness small and with all unchanged tone
Middling fair. 7.22d; good middling, 6.94d;
middling, t;.62d; low middling, 6.42d; good
ordinary, 6.86d; ordinary, 5.52d. Sales 40uo.
Including 2600 American and 300 for specu
lation and export. Receipts 2400. all Amer
ican. Futures dosed steady. August,
0,36d: August-September, 6.29V4d; Septem
ber-October, 6.21tjd; October-November,
*.18d: November-December, 6.13d; Decem
bern nuar v, 6.13d; January-February.
S.13*4d; February-March. 6.15<1; Maroh
April, 6.16d: April-May, t!.17d; May-June,
6.18d; June-July, 6.l8d; July-August, 6.17d.
Dry Goods
New York. August 23.—Cotton goods
markets rule steady with the trend to
ward greater lirmnesa in gray cloths.
Jobbers report a fuir week in staples and
silks. Burlups continue at top prices.
The demand for fall underwear and ho
siery has been good this week.
Hubbard Bros. & Co.’s Letter
New York. August 23.—(Special.>- Ac
cording to the official government report,
the showers last night and yesterdav were
very light and did not break the drouth
in Texas and Oklahoma. Borne very good
rain* Jell in Alabama and the Atlantic
state. Judging from these reports the
deterioration west of the Mississippi river
while It lias been checked Ur siTme ex
tent east of the river by this distribu
tion of moisture.
From the weather bureau predictions
there will l,e dear and warmer weather
over Sunday In the west.
For a little while after the opening the:
market reacted Horn the opening pi ices j
under liquidation of the holdings of the I
small traders In the Atlantic states, only I
to close steady at the highest point, 19
to 20 points higher than yesterday
rules? there is some relief in the drouth I
section tomorrow Europe will take alarm
over the situation.
As yet the usual American buying has
not appeared, t'nder ordinary conditions
the market wool dbe selling much higher
under the change in crop Ideas now in I
progress.
alfalfa and Johnson grass, per ion. $20;
alfalfa hay. per ton, 324; Johnson grass,
per ton. $16; mixed feed, $34; oats. 80c
bn.; corn, $1.05; corn meal. $1.96 per 96 lb.
sack.
THE WILD MAN OF BORNEO
EMULATES WASHINGTON
Clergyman Who Has Spent 17 Years Among the Sea Dyaks
Says They Are the Most Truthful People on Earth—Build
Monuments of Infamy to Tellers of Big Lies—Believe
the Liver to Be the Seat of the Emotions, and
Though Honest as Well as Truthful Don’t
Possess a Conscience
London, Augunt 24.—We hU have is supposed to be the seat of the va»
heard of the Wild Man of Borneo and his riou* qualities and emotions,
dog and hi* child and his wife, and V\ hen. says Mr. Homes, the T>>ak.«i
. - . . , . v . wish to describe the great courage of
the rest of his belonging* a* -r.mnera- a mHn. they SRy he ha. tt .brdVu liver/
ted in the ditty of our childhood, and Intelligence also resides in the liver,
now comes a description of his char- and a man of knowledge is one pos~
acteristics, which prove to queer fusing an -enlightened liver/ Kind •
enough, fgrorn an English clergyman is ihe <»uttUt> "r the man who ha»
.... , ... , ... I ’huge liver.' and perseverance that of
Who knows the wild .nan better than „,,e who has a hard liver.’ A weak, tin
the late Phlnea* T. Barnum, who first decided man Is spoken of a* one who
exhibited one of him in the United hey* a soft liver.”
States, ever did. This clergvman is ^ogio appear* to he the wild man of
the Rev. Kdgln H. Gomes, who has H".!'"?'Va 'v,’aliest point
spent 1, years among the Sea Dyaks sayf, Mr oomM, "seem to dwell to
or wild men of Borneo, and whose ac~ gether in perfect harmony, in *he turgid
count of them is highly entertaining stream of hi* mind. He cannot distln
According to Mr. Gomes, oGorge *u,sh- for Instance, between coincidence
Washington would he canonized by the a,,d ca“a““otb will argue that he
• cause hi* grandfather died after ho
wild men of Borneo, did they happen had climbed a tree, therefore, his death
to know that such a person ever ex- was caused by his climbing the tree,
isted, for they are almost if not quite, aml consequently neither ills 'other nor
tlie most truthful race on earth. So hinise\^ nor 5|*K children are to climb
. . trees, if they wish to enjoy good health,
disgraceful, in fact, do they consider „Thp farllltv of moral pProPpt|on
the deceiving of othera by an untruth ,o indefinitely latent among the Dy
that such conduct is handed down to aks," adds Mr. Gomes, “that one Is
posterity bv a curious custom. inclined to say that they possess no
•■They heap up a vast pile of branches conscience. In spite of this, in his
. . , . , jungle homo, the Dyak Is remarkably
of trees in memory of the man who has honpst. Famnlps ar« 0{tP„ aWav from
uttered a great lie," says Mr. Gomes, their homes for weeks at a time, and
’ so that future generations may know though.no one is left in charge of their
of his Wickedness and take warning rooms in the long village house, things
by It. The persons deceived start the are seldom lost Sometimes Dyaks be
tugong hula—the liar’s mound— by come demoralized by assoela'lng w'lth ,
heaping up a large number of branches other races In the towns, but a case
from one village to another. Every of theft among the Dyaks in their
passerby contributes to it, and at the native wilds is Indeed rare."
same time curses the man In memory This reverend student of the wild
of whom it. is." men of Borneo winds up by saying that.
The Dyaks. who used of course to be notwithstanding his lark of initiative
head hunters, hut are not now to and other faults, a consideration of his
any extent, would also apparently agree thoughts, customs, belief and Ideals,
with Punche’s famous auswor to the shows that, he is every inch a man that
question, "Is T,Ife Worth Diving?" which his mental powers are quite , qual to
was, you will r«raenUi«r, "it depends on those of other raees In the same stage
tile liver,’’ for in DTakland this much of civilization and hist moral character
maligned organ, instead of the heart, far superior to theirs.
...
NUMBER OF PEOPLE
WHO BENEFIT BY WAR
Horse Dealers Reap Vast Harvest,
While Bootmakers Would Profit by
Conflict—Others Interested
London, August 23.—(Special.)—There
is an ugly rumor abroad in Germany
that agents employed by a great firm
of gun manufacturers have been de
liberately stirring up trouble between
Germany and France.
The story goes that one of these
agents bribed a newspaper editor to
declare that the French army was
enormously Increasing its artillery. If
this be true, it is plain taht the ob
ject was to Induce the German gov
ernment also to order more guns.
Ask the average man In the street
if he wants to see his country at war.
Nine out of 10 can find no terms strong
enough to express their horror at such
a suggestion. Even for the winning
nation war means more taxes, in
creased prices for almost everything of
life, and long drawn out anxiety for
the fate of relatives and friends who
are fighting their country’s battles.
But the tenth man, if he tells the
truth, which he probably will not do,
would confess that he wouldn't mind a
good war. Yes, he admits all you say
about taxes and high prices, but lie
can very easily put up with those
when war Is going to double his in
come.
The fact is that very |ew of us have
any idea of the number of people who
would benefit by war. Of these the
makers of guns and the manufactu
rers of armour plate are by no means
the only ones.
Take horse dealers, for instance.
During the Boer war we sent 200,000
horses to the Cape. Their prices va
ried from £21 a head, paid for Ar
of wheat to 30s a quarter and British
and Austrian horses. Put them at £40
a head, here was £8,000,000 sterling
divided among horse breeders and deal
ers.
. And as for the forage bill, well, that
was more than twice as much, and th*»
money all went Into the pockets of
farmers here and elsewhere
Farming in England was in a shock
ing sthte at the end of the last cen
tury. The Boer war sent up the price
of wheat to 30s a kuarler, and British
farmers have never since looked back.
So it Is small wonder that the farmer
thinks that war is no bad thing, es
pecially us at sucli times the demand
for fresh meat Is at least equal to
that for horses and grain.
Another business that boomjts in war
time is that of the bootmaker, if ypu
want proof, look back at the dividends
paid by some of the big boot making
concerns in the midlands during the
Boer war.
Soldiers must have boots and plenty
of them. A pair that lasts six months
In peace time are done for In six weeks
of war. The hands work overtime, and
get extra wages, and they, too, are
among those who vote for war.
Manufacturers of clothing benefit in
like fashion, and so do many others.
Think what a boom tlie next war will
cause in the aeroplane factories, and
in the places where they make all
sorts of electrical apparatus such a.i
held cables, wireless machinery,
searchlights, and the like.
Holders of .Southwestern railway
shares made money during oi ft- last
big war. Tens of thousands of troops
and mountains of stores were pour
Ing down that line to Southampton
for more* than two y«ar«. All th«
transport trades get a tremendous fil
lip from war.
Shipping companies charter their
vessels for the transport of troops,
sure that if anything happens to their
craft they will be well recompensed,
and their prosperity extends to sea
men, stokers, marine engineers, as well
as stevedores and dock laborers. There
will be no ships laid up in war time
unless. Indeed, out4 navy is defeated and
hostile cruisers swarm around our
shores to prey upon our commerce.
Another huge industry which benefits
by war Is that of the coal getter. War
ships and transports alike are abso
lutely dependent on coal, and the big
colliery owners can raise their prices
all round, and he certain of fat gov
ernment contracts.
War hurts some things, such, for
Instance, as tin* sale of champagne and
pute de foie gras, and it reduces the
profits of theatres and football clubs.
Vet, as we have shown, there is a
very large minority who actually look
forward to a European scrap on a
large scale.
Doublesome Cucumbers
TYom Judge.
A vaudeville contortionist was “Umber
ing up“ In his dressing room, when a
laundrynian. who happened to open the
door by mistake, stpped across tha
threshold and stood spellbound, watching
the performer, who was apparently tiad
in a knot on top of his trunk.
Noticing the look of consternation on
the face of the unintentional intruder,
and resolving to have some fun at his
expense, the contortionist assumed a look
of deepest agony and groaned weakly:
“By gravy, that’s the last time I’ll ever
eat cucumbers for supper!’*
Weekly Cotton Review
New York, August 28.—Cotton goods
markets for the week were active In
tlie gray goods division during the six
days and sales were In excess of th#
output.
Many contracts were made to run to
the end of the year. There also was
some Improvement in 1 lie demand for
plain fine yarn goods. Brown and
bleached domestics continue steady for
nearby delivery.
Jobbers have been anticipating their
wants in a more general way. Tills is
due to easier monetary conditions.
Prints are quiet. Ginghams are in
moderate demand. Duck rules generally
steady. Fine and fancy cottons display
a tendency to furnish enough business
to keep mills running steadily.
There are no accumulatlons of mer
chandise. Percale prices for spring are
expected to be made in the first week
in September. About 1500 bales of
standard drills were sold to Tndla buy
ers for August and September ship
ment. West Indian trade has been im
proving.
Prices rule Print cloths, 28-Inch 64x
»>4h, 3%c; 64x608. 3»ac; 38V4-ineh 64x64*.
15c; brown sheetings, southern stand-*
aids. 7 •% c; denims. 9-ounce, 13 %c and
14c. tickings. 8-ounce, 13V«c; standard
staple ginghams, 6V*o; standard prints,
5 Vi<*; dress ginghams, 9&c.
George B. Ward
Stocks and Bonds
i
Inquiries Solicited
•BANKERS
BOND AND MORTGAGE INVESTMENTS SUITABLE FOR SAVINGS
BANKS, INSURANCE COMPANIES AND ESTATES. YIELD
ING FROM 5 1-2 TO 7 PER CENT PER ANNUM i
lyiS
REAL ESTATE MORTGAGE LOANS ON BUSINESS AND RESI
DENCE PROPERTY AT 5. 5 1-2 AND 6 PER CENT, AND
ON SUBURBAN PROPERTY AT 7 PER CENT